Factor indexes may put hurt on active managers

From Pionline.com: Experts say that a report in December commissioned by the 2.59 trillion Norwegian kroner ($458 billion) Government Pension Fund-Global, Oslo, will raise awareness of systematic factor-based strategies and the issue of overpaying for alpha.
That report called for the fund to impose factor tilts onto customized benchmark portfolios to improve returns and to raise the bar for active managers………………………Full Article: Source